DPRK hackers attacked South Korean exchanges

Hackers from North Korea were trying to steal found of South Korea cryptocurrency exchanges
02 October 2017   1096

A police investigation confirmed the involvement of North Korean hackers in the recent attacks on the South Korea's crypto exchange, but they were not able to steal money. This is written by The Japan Times.

Security company FireEye reported on the fact that since May hackers from North Korea made several attempts to steal funds from South Korean exchanges. It is alleged that in recent months, at least three attempts have been made at phishing attacks on South Korean exchanges.

The findings of FireEye confirmed by the police of South Korea: according to it, between July and August, several dozen employees of four exchanges whose names were not disclosed, were sent emails containing malicious code. Hackers were allegedly speaking on behalf of representatives of government agencies responsible for security issues, and letters were sent from the same IP addresses that were previously associated with North Korea's attacks on government organizations in Seoul.

It is noted that none of the computers was compromised and the funds were not stolen

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   233

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.